Ener1 Reports First Quarter 2009 Results

NEW YORK, May 11, 2009 -- Ener1, Inc., developer and manufacturer of advanced lithium-ion batteries to power the next generation of hybrid, plug-in hybrid and pure electric vehicles, today reported its first quarter 2009 financial results. The following highlights significant events that occurred since the end of the fourth quarter.

"The first quarter was marked by continued execution against the strategic plan laid out in the fourth quarter earnings call," commented Chairman and CEO, Charles Gassenheimer. "We have a clear focus for production, sales and marketing and plant expansion. We believe we have all the necessary ingredients to become the leading automotive grade lithium-ion battery company."

Management will host a conference call this afternoon at 5:00 p.m. Eastern Daylight Time to discuss the first quarter results, the company's financial position and discuss important company announcements. To participate in the audio call, please dial 888.713.4214 from within the United States, or 617.213.4866 from outside the United States. The participant pass code is 69589156.